Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman Sells 3,029 Shares

Snowflake Inc. (NYSE:SNOW) EVP Christian Kleinerman sold 3,029 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $171.00, for a total value of $517,959.00. Following the transaction, the executive vice president now directly owns 684,639 shares of the company’s stock, valued at $117,073,269. This represents a 0.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Christian Kleinerman also recently made the following trade(s):

• On Tuesday, December 10th, Christian Kleinerman sold 558 shares of Snowflake stock. The stock was sold at an average price of $179.00, for a total transaction of $99,882.00.
• On Wednesday, December 4th, Christian Kleinerman sold 15,000 shares of Snowflake stock. The stock was sold at an average price of $180.00, for a total transaction of $2,700,000.00.
• On Wednesday, November 6th, Christian Kleinerman sold 15,000 shares of Snowflake stock. The shares were sold at an average price of $120.77, for a total transaction of $1,811,550.00.
• On Thursday, October 10th, Christian Kleinerman sold 30,000 shares of Snowflake stock. The stock was sold at an average price of $120.00, for a total value of $3,600,000.00.
• On Monday, September 23rd, Christian Kleinerman sold 861 shares of Snowflake stock. The stock was sold at an average price of $111.41, for a total transaction of $95,924.01.

Snowflake Trading Down 4.8 %

SNOW stock opened at $162.59 on Thursday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. Snowflake Inc. has a 1-year low of $107.13 and a 1-year high of $237.72. The business has a 50 day simple moving average of $142.12 and a two-hundred day simple moving average of $130.22. The company has a market capitalization of $53.67 billion, a price-to-earnings ratio of -47.96 and a beta of 1.03.

Hedge Funds Weigh In On Snowflake

Hedge funds have recently modified their holdings of the stock. State Street Corp lifted its position in shares of Snowflake by 0.8% in the third quarter. State Street Corp now owns 6,867,097 shares of the company’s stock worth $788,755,000 after buying an additional 54,909 shares in the last quarter. Geode Capital Management LLC increased its stake in Snowflake by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 4,152,146 shares of the company’s stock worth $475,894,000 after acquiring an additional 138,663 shares during the last quarter. Two Sigma Advisers LP raised its holdings in shares of Snowflake by 27.9% during the 3rd quarter. Two Sigma Advisers LP now owns 4,043,200 shares of the company’s stock worth $464,402,000 after acquiring an additional 881,700 shares in the last quarter. Ontario Teachers Pension Plan Board boosted its position in shares of Snowflake by 19,399.2% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 2,572,336 shares of the company’s stock valued at $295,459,000 after acquiring an additional 2,559,144 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Snowflake by 11.5% in the second quarter. Legal & General Group Plc now owns 2,175,131 shares of the company’s stock valued at $293,838,000 after purchasing an additional 223,936 shares in the last quarter. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on SNOW shares. Wells Fargo & Company lifted their target price on shares of Snowflake from $125.00 to $150.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. Scotiabank upped their price objective on Snowflake from $170.00 to $220.00 and gave the company a “sector outperform” rating in a research report on Monday, December 9th. Hsbc Global Res upgraded Snowflake from a “moderate sell” rating to a “hold” rating in a research note on Friday, August 23rd. Wedbush raised Snowflake from a “neutral” rating to an “outperform” rating and set a $190.00 price target on the stock in a report on Monday, November 25th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $190.00 price objective on shares of Snowflake in a research report on Tuesday, December 3rd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat, Snowflake presently has an average rating of “Moderate Buy” and an average price target of $184.46.

About Snowflake

Snowflake Inc provides a cloud-based data platform for various organizations in the United States and internationally. Its platform offers Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data and data products, as well as applies artificial intelligence (AI) for solving business problems.